Final answer:
The statement that opening a small business takes very little management skill because it is small is False.
Step-by-step explanation:
The statement that opening a small business takes very little management skill because it is small is False. While a small business may be easier to start up and manage compared to a larger business, it still requires management skills and expertise. The owner of a small business is responsible for the day-to-day operations, financial management, marketing strategies, and decision-making.
Moreover, running a successful small business requires a range of skills, including leadership, communication, problem-solving, financial management, and customer service. It is important for the owner to have a good understanding of the industry, market trends, competition, and the ability to adapt and make strategic decisions to ensure the success of the business.